Laserfiche WebLink
k F F 6441 s <br />OF 5'3 <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Tiffany D. Neely, Finance Director <br />DATE: January 18, 2024 <br />RE: Revised Investment Policy <br />RECOMMENDATION: <br />Staff recommends approval of this Resolution. <br />REASONS: <br />This revision is required to be in compliance with Sec. 218.415(24) of the Florida Statutes. Investment <br />policies are required to be updated to incorporate language regarding "pecuniary factors" along with a <br />definition of this term. Subsection D, entitled "Investment Decisions", has been added to Section II o <br />the investment policy for this purpose. In addition, some other minor revisions were made. This <br />included citations being updated, grammatical errors being corrected and an additional update to the <br />investment signatories due to personnel changes. All changes have been highlighted in the word <br />document draft for your review. <br />ATTACHMENTS: <br />Resolution <br />Revised investment Policy <br />FL Statute 218.415 .pdf <br />2023 Legislative Summary of CS/CS/HB 3 - Government and Corporate Activism <br />2009 Investment Policy <br />Item Number: 10.A <br />K%3 <br />